Category Archives: MultiFamily

Landmark Apartment Trust Acquires Full Interest in FL Multifamily Properties for $30.8M

Landmark Apartment Trust of America, Inc. has acquired two multifamily apartment properties in Florida for an aggregate purchase price of $58.8 million. This includes the assumption of mortgage indebtedness in…

Philadelphia-based REIT to Pay $69.5M for Three Multifamily Assets in FL, TX

Subsidiaries of Philadelphia, PA-based Resource Real Estate Opportunity REIT Inc have acquired, or are set to acquire, multifamily communities located in Florida and Texas for a combined price of $69.5…

KBS Agrees to Pay $33.6M for Millennium Apartment Homes in SC

A subsidiary of KBS Legacy Partners Apartment REIT, Inc. has entered into an agreement to acquire the Millennium Apartment Homes, an apartment complex with 305 units on 32.9 acres of…

PS Business Parks Reclassifies McLean, VA Asset for Redevelopment

PS Business Parks, Inc. (NYSE:PSB) reported Thursday that it has reclassified 7915 Jones Branch Drive in McLean, VA to “land and building held for development,” meaning the company plans to…

Rego Park in Queens May Get 250,000 SF Residential Development

Alexander’s, Inc., a real estate investment trust managed by New York-based Vornado Realty Trust, is evaluating plans to construct an apartment tower above its Rego Park II shopping center in…

VA-based Landmark Apartment Trust Pays $64M for Two Charlotte Apartment Buildings

A subsidiary of Richmond, VA-based Landmark Apartment Trust of America, Inc. has acquired 100 percent of the fee simple interest in Ashley Court, a multi-unit apartment community in Charlotte, NC,…

Brookfield Asset Management Pays $414M for 4,900-Unit Multifamily Portfolio

Brookfield Asset Management Inc. (NYSE: BAM) has acquired a portfolio of 19 apartment communities with 4,892 units in NC, SC and VA for $414 million. The seller was Babcock &…